Global Supply Chain Management Simulation Essay - 918 Words

Summary of Global Supply Chain Management Simulation I enjoyed the Global Supply Chain Management Simulation (GSCM). It was exciting to be a Manager of the supply chain of a mobile phone manufacturer. I learned very quickly the pressures of running such a large operation. In this review, I will discuss lessons learned regarding conceptions shown in the simulation. I will explain how if completing the simulation again, what I would complete differently. In conclusion, I will talk about my key overall takeaways from this exercise. Year One In Year 1 while in the Design room, I chose the Wifi and Stylish options. My intuitive thoughts were consumer based and not supplier driven. However, these combined options offered an estimated favorable profit for the company. While forecasting I chose to forecast below average for Model A and above average for Model B. Again, my decision making was consumer driven and I as a consumer would prefer a stylish mobile device over a base model, therefore estimated demand at a higher level. In choosing suppliers in Year 1, key drivers were lead times, setup and unit carrying costs, and capacity. The decision were also based off of my forecast for each model. I learned quickly as each month passed, I was out of inventory therefore, making a costly $2.0MM adjustment with one of my suppliers. In this scenario, if running the simulation again I would better match the supplier with the forecasted demand. Year Two In Year 2, I was advised not toShow MoreRelatedUsing the VinLogic Simulation Model: Insights Gained and Lessons Learned727 Words   |  3 PagesInsights Gained and Lessons Learned Using The VinLogic Simulation Model Introduction Operations management is comprised of a series of concepts and frameworks that are best learned through the use of simulations and constraint-based modeling to show the effects of one decision on corporate performance. This is especially true in the areas of logistics, transportation and supply chain management optimization, The VinLogic Simulation Model has specifically been designed to take into account theRead MoreDifference Between Simulation and Optimization1541 Words   |  7 Pagesin the business environment is a major threat at each and every level of the supply chain. 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